Sprouts Farmers Market, Inc. Reports Fourth Quarter and Full Year 2013 Results
|
|
- Alison Singleton
- 5 years ago
- Views:
Transcription
1 February 27, 2014 Sprouts Farmers Market, Inc. Reports Fourth Quarter and Full Year Results PHOENIX, Feb. 27, 2014 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the "Company") (Nasdaq:SFM) today reported results for its 13-week fourth quarter and 52-week year ended Dec. 29,. Fourth Quarter Highlights: -- Net sales of $608.2 million; a 27% increase from the same period in Pro forma comparable store sales growth of 13.8% and two-year combined pro forma comparable store sales growth of 22.4% -- Net income increased to $9.3 million with diluted earnings per share of $ Adjusted diluted earnings per share of $0.07; compared to $0.04 from the same period in -- Adjusted EBITDA of $37.7 million; a 31% increase from pro forma adjusted EBITDA in -- $40 million voluntary pay down of term loan Fiscal Year End Highlights: -- Net sales of $2.44 billion; a 36% increase compared to reported net sales and a 22% increase compared to pro forma net sales in Pro forma comparable store sales growth of 10.7% and two-year combined pro forma comparable store sales growth of 20.4% -- Net income increased to $51.3 million with diluted earnings per share of $ Adjusted net income increased to $67.4 million; compared to $40.0 million in -- Adjusted diluted earnings per share of $0.48; compared to $0.31 in -- Adjusted EBITDA of $195.2 million; a 33% increase from pro forma adjusted EBITDA in "Driven by our best-in-class people, products and prices, Sprouts reported its 27 th consecutive quarter of positive same store comps, and an impressive 27% increase in net sales for the quarter," said Doug Sanders, president and chief executive officer of Sprouts Farmers Market. "In we crossed the $2 billion sales milestone with the opening of 19 stores and strong same store sales growth resulting in an increase of 22% in pro forma net sales and 69% increase in adjusted pro forma net income. This record performance, in our first year as a public company, demonstrates Sprouts' ability to create value, build trust and deliver on our strategy to successfully grow our company." In order to aid understanding of the Company's business performance, it has presented results in conformity with accounting principles generally accepted in the United States ("GAAP") and has also presented adjusted net income, adjusted diluted earnings per share and adjusted EBITDA, which are non-gaap measures that are explained and reconciled to the comparable GAAP measures in the tables included in this release. In addition, in comparing its results to the comparable periods of, the Company has presented financial results on a pro forma basis as if the May business combination with Farmers Market, Inc. (" ") had occurred on the first day of the Company's fiscal year. Unaudited pro forma condensed consolidated statements of operations for the 13 and 52 weeks ended, giving effect to the, are included in the tables to this release. Where applicable, the numbers below are first presented on a GAAP basis and then on a pro forma, or an adjusted basis.
2 Fourth Quarter Financial Results Net sales in the fourth quarter increased 27% to $608.2 million. Fourth quarter net sales growth was driven by a 13.8% increase in comparable store sales growth and strong performance in new stores opened. Gross profit for the quarter increased 28% to $174.2 million resulting in a gross profit margin of 28.6% of sales, or an increase of 10 basis points, compared to the same period in. The improvement in gross profit margin was primarily driven by leverage in occupancy costs. This leverage was partially offset by lower merchandise margins from increased holiday promotions. Direct store expenses, as a percentage of sales, for the quarter increased 30 basis points to 21.2%, compared to the same period in. This was primarily due to higher health care costs. Net income for the quarter was $9.3 million, up $5.9 million from the same period in. Net income in the quarter included a $1.0 million pre-tax loss on extinguishment of debt; $2.0 million of pre-tax secondary offering expenses including employer taxes on options exercised; and $0.4 million pre-tax store closure and exit costs. Pro forma net income for the fourth quarter of included pre-tax acquisition and integration costs related to the of $4.1 million and pre-tax net credit for store closure and exit costs of $1.4 million. Excluding these items, adjusted net income increased 119% to $11.4 million, compared to $5.2 million in the same period in. Adjusted EBITDA totaled $37.7 million, up $9.0 million, or 31%, from the same period in. Adjusted diluted earnings per share was $0.07, a 75% increase from adjusted diluted earnings per share of $0.04 from the same period in. Fiscal Year Financial Results For the fiscal year ended Dec. 29,, net sales increased 36% to $2.44 billion. Net sales growth was driven by the, an increase in comparable store sales growth and new store openings. Net sales increased 22% compared to pro forma sales for, driven by pro forma comparable store sales growth of 10.7% and strong performance in new stores opened. Gross profit for the year increased 37% to $725.3 million, resulting in a margin of 29.7% of sales, or an increase of 20 basis points, from. Gross profit increased 23% compared to pro forma gross profit in, primarily driven by the increase in sales. The resulting gross profit margin increased by 20 basis points and reflected leverage in occupancy, and promotional and buying costs. These increases were partially offset by lower margins in produce that were driven by inflation in certain commodity items and lower margins in the vitamin, supplement and body care departments as a result of markdowns from merchandise alignment. Direct store expenses as a percentage of sales for the year decreased by 10 basis points to 20.4%. Direct store expenses included a pre-tax loss on disposal of assets of $0.4 million in and $1.4 million in. Excluding these items, direct store expenses increased 10 basis points as a percentage of sales, which was relatively consistent with the prior period as we utilized the leverage in payroll to invest in store level compensation programs and to fund higher health care costs. Net income was $51.3 million, up $31.8 million from, or an increase of 163%. Net income for included a $18.7 million pre-tax loss on extinguishment of debt; $2.0 million of pre-tax secondary offering expenses; $3.2 million pre-tax bonus paid concurrently with the Company's IPO; $0.4 million pre-tax loss on disposal of assets and $2.1 million pre-tax store closure and exit costs. Pro forma net income for included pre-tax acquisition and integration costs related to the of $17.1 million; $2.0 million pre-tax loss of disposal of assets and a pre-tax store closure and exit costs of $2.2 million. Excluding these items, adjusted net income increased 69% to $67.4 million compared to $40.0 million in. Adjusted EBITDA totaled $195.2 million, up $47.9 million or 33% from. Adjusted diluted earnings per share was $0.48, a 55% increase from adjusted diluted earnings per share of $0.31 in. This increase was attributable to strong business performance driven by increased comparable store sales and resulting operating leverage, strong performance of new stores opened, and reduced interest expense, partially offset by an increase in share count due to shares issued in the IPO. Growth and Development In fiscal, the Company opened 19 new stores - six in Texas, five in California, three in both Arizona and Colorado, and two in Oklahoma. This represented unit growth of 13%, for a total of 167 stores in eight states. Leverage, Liquidity and IPO The Company generated cash from operations of $160.6 million for the fiscal year and invested $87.5 million in capital expenditures, primarily for new stores. The Company ended the year with a principal balance on its term loan of $318.3 million, had $77.7 million in cash and cash equivalents and $52.6 million available under its revolving credit facility. The Company voluntarily paid down an additional $40.0 million dollars of outstanding debt under its term loan during the fourth quarter of
3 Outlook The following provides information on the Company's guidance for 2014: Q Guidance Comparable store sales growth 10.5% to 11.5% Full-year 2014 Guidance Net sales growth 16% to 18% Unit growth 22 to 24 new stores Comparable store sales growth 7% to 8% Adjusted EBITDA growth 17% to 20% Adjusted net income growth 30% plus Adjusted diluted earnings per share (1) $0.58 to $0.60 Capital expenditures (net of landlord reimbursements) $110M to $120M The Company's adjusted diluted earnings per share, adjusted net income and adjusted EBITDA guidance for the year do not include charges and costs which are expected to be similar to those charges and costs excluded from adjusted diluted earnings per share, adjusted net income and adjusted EBITDA in prior periods. Please see the explanation and reconciliation of these non-gaap measures to the comparable GAAP measures for the thirteen and fifty-two weeks ended and December 20, in the tables included below. (1) Based on a weighted average share count of approximately 154 million shares for 2014, compared to a weighted average share count of 140 million shares for. Fourth Quarter & Fiscal Conference Call The Company will hold a conference call at 3 p.m. Mountain Standard Time (5 p.m. Eastern Standard Time) on Thursday, Feb. 27, 2014, during which Sprouts' executives will further discuss the Company's fourth quarter and full year fiscal financial results. A webcast of the conference call will be available through Sprouts' investor webpage located at For those participating via teleconference, the phone number for the call is (U.S.) or (international), and the passcode is Participants are encouraged to dial in 10 minutes early. A replay of the event will remain available for two weeks and can be accessed by dialing (toll-free) or (international) and entering the confirmation code: An archive of the webcast will be available for one year at under "Events and Presentations." Important Information Regarding Outlook There is no guarantee that Sprouts will achieve its projected financial expectations, which are based on management estimates, currently available information and assumptions that management believes to be reasonable. Such forward-looking statements are inherently subject to significant economic, competitive and other uncertainties and contingencies, many of which are beyond the control of management. See "Forward-Looking Statements" below. Forward-Looking Statements Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of Any statements contained herein (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management "anticipates," "plans," "estimates," "expects," "believes," or the negative of these terms and other similar expressions) that are not statements of historical fact should be considered forward-looking statements, including, without limitation, the Company's belief that its record performance demonstrates its ability to create value, build trust and deliver on its strategy to successfully grow the Company and the Company's outlook for These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, risks associated with the Company's ability to successfully compete in its intensely
4 competitive industry; the Company's ability to successfully open new stores; the Company's ability to manage its rapid growth; the Company's ability to maintain or improve its operating margins; the Company's ability to identify and react to trends in consumer preferences; product supply disruptions; general economic conditions; and other factors as set forth from time to time in the Company's Securities and Exchange Commission filings. The Company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law. Corporate Profile Sprouts Farmers Market, Inc. is a specialty retailer of natural and organic foods at great prices. We offer a complete shopping experience that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, natural body care and household items catering to consumers' growing interest in health and wellness. Headquartered in Phoenix, Arizona, Sprouts Farmers Market employs more than 14,000 team members and operates 170 stores in nine states. SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Thirteen Weeks Ended Fifty-Two Weeks Ended Net sales $ 608,236 $ 478,941 $ 2,437,911 $ 1,794,823 Cost of sales, buying and occupancy 434, ,559 1,712,644 1,264,514 Gross profit 174, , , ,309 Direct store expenses 129, , , ,323 Selling, general and administrative expenses 21,536 21,518 81,795 86,364 Store pre-opening costs ,734 2,782 Store closure and exit costs 381 (1,397) 2,051 2,155 Income from operations 22,699 15, ,504 70,685 Interest expense (6,857) (10,074) (37,203) (35,488) Other income Loss on extinguishment of debt (1,039) -- (18,721) (992) Income before income taxes 14,843 5,792 84,067 34,767 Income tax provision (5,563) (2,451) (32,741) (15,267) Net income $ 9,280 $ 3,341 $ 51,326 $ 19,500 Net income per share: Basic $ 0.06 $ 0.03 $ 0.38 $ 0.16 Diluted $ 0.06 $ 0.03 $ 0.37 $ 0.16 Weighted average shares outstanding: Basic 146, , , ,427 Diluted 152, , , ,781 SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (IN THOUSANDS, EXCEPT SHARE AMOUNTS) ASSETS Current assets:
5 Cash and cash equivalents $ 77,652 $ 67,211 Accounts receivable, net 9,524 8,415 Inventories 118,256 98,382 Prepaid expenses and other current assets 8,049 4,521 Deferred income tax asset 18,146 24,592 Total current assets 231, ,121 Property and equipment, net of accumulated depreciation 348, ,166 Intangible assets, net of accumulated amortization 195, ,772 Goodwill 368, ,078 Other assets 13,135 9,521 Deferred income tax asset 15,267 22,578 Total assets $ 1,172,404 $ 1,103,236 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable $ 111,159 $ 82,721 Accrued salaries and benefits 22,287 21,397 Other accrued liabilities 32,958 27,561 Current portion of capital and financing lease obligations 3,395 3,379 Current portion of long-term debt 5,822 1,788 Total current liabilities 175, ,846 Long-term capital and financing lease obligations 116, ,260 Long-term debt 305, ,756 Other long-term liabilities 61,417 50,619 Total liabilities 658, ,481 Commitments and contingencies Stockholders' equity: Undesignated preferred stock; $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding Common stock, $0.001 par value; 200,000,000 shares authorized, 147,616,560 shares issued and outstanding, ; 125,956,721 shares issued and outstanding, Additional paid-in capital 479, ,480 Retained earnings (accumulated deficit) 34,497 (8,851) Total stockholders' equity 513, ,755 Total liabilities and stockholders' equity $ 1,172,404 $ 1,103,236 SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS) Cash flows from operating activities Year Ended Net income $ 51,326 $ 19,500 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization expense 47,217 35,773 Accretion of asset retirement obligation Amortization of financing fees and debt issuance costs 2,482 2,590 Loss on disposal of property and equipment 449 2,704 Gain on sale of intangible assets (19) (134)
6 Equity-based compensation 5,780 4,653 Non-cash loss on extinguishment of debt 18, Excess tax benefit from exercise of stock options and antidilution payment to optionholders (17,826) (143) Deferred income taxes 25,176 13,996 Changes in operating assets and liabilities, net of effects from acquisitions: Accounts receivable (1,521) (2,861) Inventories (19,875) (1,442) Prepaid expenses and other current assets 2,643 3,337 Other assets (4,114) (4,586) Accounts payable 31,996 (4,673) Accrued salaries and benefits 890 2,956 Other accrued liabilities 5,397 1,533 Other long-term liabilities 11,752 9,999 Net cash provided by operating activities 160,588 84,431 Cash flows from investing activities Purchases of property and equipment (87,463) (46,485) Proceeds from disposal of property and equipment 1,000 9,657 Proceeds from sale of intangible assets Payments for business combinations, net of cash acquired -- (129,875) Net cash used in investing activities (86,291) (166,703) Cash flows from financing activities Borrowings on line of credit -- 3,000 Payments on line of credit -- (3,000) Borrowings on term loan, net of financing costs 688,127 97,247 Payments on term loan (786,850) (2,575) Borrowings on Sr. Subordinated Notes -- 35,000 Payments on Sr. Subordinated Notes (35,000) -- Payments on capital lease obligations (412) (439) Payments on financing lease obligations (2,868) (2,377) Payments of deferred financing costs (1,370) (401) Payments of IPO costs (4,212) -- Cash from landlords related to financing lease obligations 4,581 2,942 Payment to stockholders and optionholders (295,921) -- Excess tax benefit for exercise of stock options and antidilution payment to optionholders 17, Proceeds from the issuance of shares 348, Proceeds from the exercise of stock options 3,820 5,549 Repurchase of shares (113) (148) Net cash (used in) provided by financing activities (63,856) 134,941 Net increase in cash and cash equivalents 10,441 52,669 Cash and cash equivalents at beginning of the period 67,211 14,542 Cash and cash equivalents at the end of the period $ 77,652 $ 67,211 Unaudited Supplemental Pro Forma Condensed Consolidated Financial Information In May, the Company acquired Farmers Market, Inc. (""), which operated 37 Farmers Market stores, in a transaction referred to as the "." The effects of the have a material effect on the comparability of the Company's results of operations. The Company has therefore supplemented the comparative discussion of its results of operations for the thirteen and fifty-two weeks ended with comparisons to the results for the thirteen and fifty-two weeks ended on a pro forma basis giving effect to
7 the as if it had occurred on the first day of fiscal. Set forth below are unaudited pro forma condensed consolidated statements of operations for the thirteen and fifty-two weeks ended. SPROUTS FARMERS MARKET, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (In thousands, except per share amounts) (Unaudited) Historical Sprouts Farmers Market, Inc. Thirteen weeks ended Historical Pro Forma Adjustment for Fiscal Period Alignment Pro Forma Adjustment for Pro Forma for Net sales $ 478,941 $ -- $ -- $ -- $ 478,941 Cost of sales, buying and occupancy 342, ,585 Gross profit 136, (26) 136,356 Direct store expenses 100, (39) 100,005 Selling, general and administrative expenses 21, (16) 21,502 Store pre-opening costs Store closure and exit costs (1,397) (1,397) Income from operations 15, ,534 Interest expense (10,074) (9,898) Other income Loss on extinguishment of debt Income before income taxes 5, ,997 Income tax provision (2,451) (79) (2,530) Net income $ 3,341 $ -- $ -- $ 126 $ 3,467 Net income per share: Basic $ 0.03 $ 0.03 Diluted $ 0.03 $ 0.03 Weighted average shares outstanding: Basic 125, ,957 Diluted 128, ,958 SPROUTS FARMERS MARKET, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS For the Fifty-two Weeks Ended (in thousands, except per share amounts) Historical Sprouts Farmers Market, Inc. Fifty-two weeks ended Historical Pro Forma Adjustments for Fiscal Period Alignment Pro Forma Adjustment for Pro Forma for Net sales $ 1,794,823 $ 197,612 $ (1,472) $ -- $ 1,990,963 Cost of sales, buying and occupancy 1,264, ,880 (1,011) 775 1,403,158 Gross profit 530,309 58,732 (461) (775) 587,805
8 Direct store expenses 368,323 35,956 (287) (261) 403,731 Selling, general and administrative expenses 86,364 13,386 (90) (8,049) 91,611 Store pre-opening costs 2,782 2,450 (14) -- 5,218 Store closure and exit costs 2, ,214 Income from operations 70,685 6,881 (70) 7,535 85,031 Interest expense (35,488) (2,019) 14 (2,757) (40,250) Other income (1) Loss on extinguishment of debt (992) (992) Income before income taxes 34,767 4,950 (57) 4,778 44,438 Income tax provision (15,267) (2,796) 14 (1,863) (19,912) Net income $ 19,500 $ 2,154 $ (43) $ 2,915 $ 24,526 Net income per share: Basic $ 0.16 $ 0.20 Diluted $ 0.16 $ 0.19 Weighted average shares outstanding: Basic 119, ,510 Diluted 121, ,864 SPROUTS FARMERS MARKET, INC. NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION 1. Basis of Presentation and Description of s Effective May 29,, the Company acquired all of the outstanding common and preferred stock of in the, a transaction accounted for as a business combination, which was financed through the issuance of debt and 14.9 million shares of common stock. The historical Sprouts Farmers Market, Inc. results of operations for the thirteen and fifty-two weeks ended are derived from its unaudited consolidated financial statements for the periods then ended. The historical results of operations for the period January 1, to May 28,, were derived from the pre-combination unaudited financial statements. Certain amounts from the pre-combination unaudited financial statements have been reclassified to conform to the Company's presentation. 2. Pro Forma for The historical results of operations have been adjusted to give pro forma effect to events that are (i) directly attributable to the, (ii) factually supportable and (iii) expected to have a continuing impact on the combined results, as if the occurred on the first day of fiscal (referred to as "Pro Forma Adjustments for "). Below is a description of the types of adjustments represented in the Fiscal Period Alignment and Adjustments columns. Fiscal Period Alignment - 's fiscal commenced one day earlier than the Company's fiscal. Pro forma adjustments for Fiscal Period Alignment reflect the pro forma impact of deducting one day from the historical results of operations. Cost of Sales, Buying and Occupancy - Adjustments attributable to the application of acquisition accounting including straightline rent adjustments and adjustments to the amortization of favorable lease intangible assets and unfavorable lease liabilities. Direct Store Expenses - Adjustments to historical depreciation related to changes in value and estimated useful lives of property plant and equipment. Selling, General and Administrative Expenses - Adjustments related to fees recorded by both Sprouts and, accelerated share-based compensation recorded by, adjustments to depreciation related to changes in value and estimated useful lives of property, plant and equipment and amortization of the trade name.
9 Interest Expense - Adjustments related to the reversal of historical interest expense, incremental interest expense related to the proceeds from additional term loan and senior subordinated notes that were used to effectuate the transaction and interest related to capital and financing lease obligations. Income Tax Provision - Adjustment to the income tax provision for the items listed above. Net income per share - Net income per share has been adjusted to reflect those items listed above and the change in weighted average shares outstanding - basic and diluted as described below. Weighted average shares outstanding - basic and diluted - The weighted average shares outstanding basic and diluted have been adjusted for the effect of the additional shares issued in the. Non-GAAP Financial Measures In addition to reporting financial results in accordance with GAAP, the Company has presented adjusted net income, adjusted diluted earnings per share and adjusted EBITDA. These measures are not in accordance with, and are not intended as an alternative to, GAAP. The Company's management believes that these presentations provide useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the financial results of the Company, and they are a component of incentive compensation. For the thirteen and fifty-two weeks ended, these non-gaap measures are presented pro forma for the. See "Unaudited Supplemental Pro Forma Condensed Consolidated Financial Information." The Company defines adjusted net income as net income excluding store closure and exit costs, one-time costs associated with its combination with Henry's Holdings, LLC ("Henry's") and the (collectively, the "s"), gain and losses from disposal of assets and the loss of extinguishment of debt. The Company defines adjusted diluted earnings per share as adjusted net income divided by the weighted average diluted shares outstanding. The Company defines EBITDA as net income before interest expense, provision for income tax, and depreciation and amortization, and defines adjusted EBITDA as EBITDA excluding store closure and exit costs, one-time costs associated with the s, and losses from disposal of assets. These non-gaap measures are intended to provide additional information only and do not have any standard meanings prescribed by GAAP. Use of these terms may differ from similar measures reported by other companies. Because of their limitations, none of these non-gaap measures should be considered as a measure of discretionary cash available to use to reinvest in growth of the Company's business, or as a measure of cash that will be available to meet the Company's obligations. Each of these non-gaap measures has its limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of the Company's results as reported under GAAP. The following table shows a reconciliation of adjusted and pro forma adjusted net income, and adjusted and pro forma adjusted EBITDA to net income for the thirteen and fifty-two weeks ended and pro forma net income for the thirteen and fifty-two weeks ended : Thirteen Weeks Ended Actual Pro Forma for Fifty-Two Weeks Ended Actual Pro Forma for Net income (a) $ 9,280 $ 3,467 $ 51,326 $ 24,526 Income tax provision 5,563 2,530 32,741 19,912 Net income before income taxes 14,843 5,997 84,067 44,438 Store closure and exit costs (b) 381 (1,397) 2,051 2,214 Costs associated with acquisitions and integration (c) -- 4,110 (15) 17,120 Loss on disposal of assets (d) ,953 IPO bonus (e) , Secondary offering expenses including employment taxes on options exercises (f) 2, , Loss on extinguishment of debt 1, , Adjusted income tax provision (g) (6,855) (3,490) (43,010) (26,721) Adjusted net income 11,435 5,248 67,423 39,996
10 Interest expense, net 6,851 9,898 37,185 40,250 Adjusted income tax provision (g) 6,855 3,490 43,010 26,721 Adjusted earnings before interest and taxes (EBIT) 25,141 18, , ,967 Depreciation, amortization and accretion 12,593 10,094 47,539 40,373 Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) $ 37,734 $ 28,730 $ 195,157 $ 147,340 Adjusted Net Income Per Share Net income per share - basic $ 0.06 $ 0.03 $ 0.38 $ 0.20 Per share impact of net income adjustments $ 0.02 $ 0.01 $ 0.12 $ 0.12 Adjusted net income per share - basic $ 0.08 $ 0.04 $ 0.50 $ 0.32 Net income per share - diluted $ 0.06 $ 0.03 $ 0.37 $ 0.19 Per share impact of net income adjustments $ 0.01 $ 0.01 $ 0.11 $ 0.12 Adjusted net income per share - diluted $ 0.07 $ 0.04 $ 0.48 $ 0.31 (a) See "Unaudited Supplemental Pro Forma Condensed Consolidated Financial Information" for a reconciliation of pro forma net income to net income for the thirteen and fifty-two weeks ended. (b) Store closure and exit costs have been excluded from adjusted and pro forma adjusted EBITDA, and from adjusted and pro forma adjusted net income. In fiscal these costs included the costs related to the closure of a former warehouse facility and adjustments to sublease assumptions on other properties. In fiscal these consist primarily of the costs to close a administrative facility following the and one store location and in the thirteen weeks ended included a benefit from a landlord's voluntary release of a lease obligation for a previously closed location. (c) Costs associated with acquisitions and integration represent the costs to integrate the combined businesses resulting from the and Henry's s. These expenses include professional fees and severance, which the Company excludes from its pro forma adjusted EBITDA and pro forma adjusted net income to provide period-to-period comparability of the Company's operating results because management believes these costs do not directly reflect the ongoing performance of its store operations. (d) Gain/Loss on disposal of assets represents the gains and losses recorded in connection with the disposal of property and equipment. The Company excludes gains and losses on disposals of assets from its adjusted and pro forma adjusted EBITDA and adjusted and pro forma adjusted net income to provide period-to-period comparability of its operating results because management believes these costs do not directly reflect the ongoing performance of its store operations. The loss recorded in fiscal primarily relates to the loss on the sale leaseback of a store property. (e) IPO bonus represents the bonuses paid to certain employees in connection with the Company's initial public offering. The Company excludes the IPO bonus from its adjusted and pro forma adjusted EBITDA and adjusted and pro forma adjusted net income to provide period-to-period comparability of its operating results because management believes these costs do not directly reflect the ongoing performance of its store operations. (f) Secondary offering expenses including employment taxes on options exercises represents expenses the Company incurred in its second public offering and employment taxes paid by the Company in connection with options exercised in that offering. The Company has excluded these items from its adjusted and pro forma adjusted EBITDA and adjusted and pro forma adjusted net income to provide period-to-period comparability of its operating results because management believes these costs do not directly reflect the performance of its store operations. (g) Pro forma adjusted and adjusted income tax provision for all periods presented represents the income tax provision and pro forma income tax provision plus the tax effect of the adjustments described in notes (b) through (e) above based on statutory tax rates for the period. For the fifty-two weeks ended, this amount was further adjusted to reflect a $1.9 million reduction in pro forma income tax provision for the effects of certain items related to the. Of the adjustment, $2.3 million relates to the tax effects of $3.3 million and $2.9 million of non-deductible transaction costs incurred by the Company and, respectively, based on statutory tax rates for the period. This adjustment was partially offset by a $0.4 million adjustment related to tax benefits from stock option exercises. The Company has excluded these items from its pro forma adjusted income tax provision because management believes they do not directly reflect the ongoing performance of its store operations and are not reflective of its ongoing income tax provision. CONTACT: Investor Contact: Susannah Livingston (602) susannahlivingston@sprouts.com
11 Media Contact: Donna Egan (602)
Sprouts Farmers Market, Inc. Reports Fourth Quarter and Full Year 2014 Results
February 25, 2015 Sprouts Farmers Market, Inc. Reports Fourth Quarter and Full Year Results PHOENIX, Feb. 25, 2015 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the "Company") (Nasdaq:SFM) today reported
More informationSprouts Farmers Market, Inc. Reports Second Quarter 2014 Results
August 7, 2014 Sprouts Farmers Market, Inc. Reports Second Quarter 2014 Results PHOENIX, Aug. 7, 2014 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the "Company") (Nasdaq:SFM) today reported results
More informationQ %; 7.1% Q3 106%; 61% Q3 EPS
At Home Group Inc. Announces Third Quarter Fiscal 2018 Financial Results Q3 net sales grew 25%; comparable store sales increased 7.1% Q3 operating income rose 106%; adjusted operating income 1 increased
More informationQ %; 7.8% Q2 50%; 35% Q2 EPS
At Home Group Inc. Announces Second Quarter Fiscal 2018 Financial Results Q2 net sales increased 23%; comparable store sales increased 7.8% Q2 net income increased 50%; pro forma adjusted net income 1
More informationForward-Looking Statements and Non- GAAP Financial Measures
Investor Deck 3 rd Quarter 2014 0 Forward-Looking Statements and Non- GAAP Financial Measures Certain statements in this presentation are forward-looking as defined in the Private Securities Litigation
More informationDave & Buster's Entertainment, Inc. Announces Second Quarter 2015 Financial Results
September 8, 2015 Dave & Buster's Entertainment, Inc. Announces Second Quarter 2015 Financial Results Reports 11.0% Increase in Comparable Store Sales Generates Record-Setting Adjusted EBITDA and Margins
More informationWhole Foods Market Reports First Quarter Results
Whole Foods Market Reports First Quarter Results Company Produces Record Sales of $4.9 Billion; Delivers GAAP EPS of $0.30 and Adjusted EPS of $0.39; Resets Growth Strategy and Accelerates Timeline for
More informationAt Home Group Inc. Announces Third Quarter Fiscal 2019 Financial Results
At Home Group Inc. Announces Third Quarter Fiscal 2019 Financial Results Q3 net sales increased 25.5%; comparable store sales increased 5.2% Delivers 19 th consecutive quarter of comparable store sales
More informationCPI Card Group Inc. Reports Fourth Quarter and Full Year 2015 Results
CPI Card Group Inc. Reports Fourth Quarter and Full Year 2015 Results Fourth Quarter Net Sales of $93.6 million and Pro Forma Adjusted Diluted EPS of $0.16 Initiates Quarterly Dividend Announces 2016 Financial
More informationBurlington Stores, Inc. Announces Operating Results for the Third Quarter and Year-To- Date Period Ended November 2, 2013
FOR IMMEDIATE RELEASE Burlington Stores, Inc. Announces Operating Results for the Third Quarter and Year-To- Date Period Ended November 2, For the third quarter and year-to-date periods: o Comparable store
More informationNATURAL GROCERS BY VITAMIN COTTAGE, INC.
NATURAL GROCERS BY VITAMIN COTTAGE, INC. FORM 8-K (Current report filing) Filed 11/21/13 for the Period Ending 11/21/13 Address 12612 W. ALAMEDA PARKWAY LAKEWOOD, CO, 80228 Telephone 877-986-4600 CIK 0001547459
More informationCPI Card Group Inc. Reports Fourth Quarter and Full Year 2016 Results
NEWS RELEASE CPI Card Group Inc. Reports Fourth Quarter and Full Year 2016 Results 3/1/2017 Q4 Net Sales of $67.4 million, Full Year 2016 Net Sales of $308.7 million Full Year Net Income from Continuing
More informationNEIMAN MARCUS GROUP LTD LLC REPORTS FIRST QUARTER RESULTS. DALLAS, Texas, December 6, 2018 Neiman Marcus Group LTD LLC (the Company )
FOR IMMEDIATE RELEASE CONTACT: Mark Anderson Director Finance and Investor Relations (214) 757-2934 NEIMAN MARCUS GROUP LTD LLC REPORTS FIRST QUARTER RESULTS DALLAS, Texas, Neiman Marcus Group LTD LLC
More informationNATURAL GROCERS BY VITAMIN COTTAGE, INC.
NATURAL GROCERS BY VITAMIN COTTAGE, INC. FORM 8-K (Current report filing) Filed 08/07/13 for the Period Ending 08/07/13 Address 12612 W. ALAMEDA PARKWAY LAKEWOOD, CO, 80228 Telephone 877-986-4600 CIK 0001547459
More informationServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data)
Condensed Consolidated Statements of Operations (in thousands, except share and per share data) December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Revenues: Subscription $ 244,702
More informationWeb.com Reports Record Fourth Quarter and Full Year 2012 Financial Results
February 7, 2013 Web.com Reports Record Fourth Quarter and Full Year 2012 Financial Results Fourth quarter revenue and profitability exceed high end of Web.com's guidance Successful integration of Network
More informationWhole Foods Market Provides Shareholder Update on Accelerated Path to Delivering Shareholder Value and Announces Second Quarter 2017 Results
NEWS RELEASE Whole Foods Market Provides Shareholder Update on Accelerated Path to Delivering Shareholder Value and Announces Second Quarter 2017 Results 5/10/2017 Accelerated Affinity Rollout by CYE 2017
More informationNEIMAN MARCUS GROUP LTD LLC REPORTS FOURTH QUARTER AND FISCAL YEAR 2016 RESULTS
FOR IMMEDIATE RELEASE CONTACT: Mark Anderson Director Finance and Investor Relations (214) 757-2934 REPORTS FOURTH QUARTER AND FISCAL YEAR RESULTS DALLAS, Texas, Neiman Marcus Group LTD LLC today reported
More informationPaylocity Announces Fourth Quarter and Fiscal Year 2018 Financial Results
Paylocity Announces Fourth Quarter and Fiscal Year 2018 Financial Results August 9, 2018 Q4 2018 Total Revenue of $96.6 million, up 27% year-over-year FY 2018 Total Revenue of $377.5 million, up 26% year-over-year
More informationNEIMAN MARCUS GROUP LTD LLC REPORTS SECOND QUARTER RESULTS. DALLAS, Texas, March 9, 2018 Neiman Marcus Group LTD LLC today reported
FOR IMMEDIATE RELEASE CONTACT: Mark Anderson Director Finance and Investor Relations (214) 757-2934 NEIMAN MARCUS GROUP LTD LLC REPORTS SECOND QUARTER RESULTS DALLAS, Texas, Neiman Marcus Group LTD LLC
More informationBuilders FirstSource Reports Third Quarter 2017 Results
November 8, 2017 Builders FirstSource Reports Third Quarter 2017 Results Financial highlights include sales growth with debt reduction DALLAS, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc.
More informationPaylocity Announces First Quarter Fiscal Year 2018 Financial Results
November 2, 2017 Paylocity Announces First Quarter Fiscal Year 2018 Financial Results Q1 2018 Total Revenue of $81.5 million, up 25% year-over-year Q1 2018 Recurring Revenue of $78.9 million, up 26% year-over-year
More informationNational Vision Holdings, Inc. Reports Fourth Quarter and Fiscal 2017 Financial Results
National Vision Holdings, Inc. Reports Fourth Quarter and Fiscal 2017 Financial Results Duluth, Ga. -- Mar. 8, 2018 -- National Vision Holdings, Inc. (NASDAQ: EYE) ( National Vision or the Company ) today
More informationBuilders FirstSource Reports Fourth Quarter and Fiscal 2017 Results
February 28, 2018 Builders FirstSource Reports Fourth Quarter and Fiscal 2017 Results Financial highlights include sales and earnings growth with debt reduction and capital structure improvement DALLAS,
More informationServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (Unaudited)
Condensed Consolidated Statements of Operations (in thousands, except share and per share data) September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Revenues: Subscription $ 318,934
More informationNEWS BULLETIN RE: CLAIRE S STORES, INC.
NEWS BULLETIN RE: CLAIRE S STORES, INC. 2400 WEST CENTRAL ROAD, HOFFMAN ESTATES, ILLINOIS 60192 CLAIRE S STORES, INC. REPORTS FISCAL 2017 SECOND QUARTER RESULTS CHICAGO, August 30, 2017. Claire s Stores,
More informationLogMeIn Announces Fourth Quarter and Fiscal Year 2017 Results
NEWS RELEASE LogMeIn Announces Fourth Quarter and Fiscal Year 2017 Results 2/15/2018 BOSTON, Feb. 15, 2018 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (NASDAQ:LOGM), a leading provider of cloud-based connectivity,
More informationServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited)
Condensed Consolidated Statements of Operations (in thousands, except share and per share data) Revenues: Subscription $ 166,751 $ 104,878 $ 567,217 $ 349,804 Professional services and other 31,253 20,352
More informationMichaels Stores, Inc. Reports Fourth Quarter and Fiscal 2013 Results
NEWS RELEASE FOR IMMEDIATE RELEASE Joshua Moore Vice President Investor Relations, Treasury & Corporate Finance (972) 409-1527 Michaels Stores, Inc. Reports Fourth Quarter and Fiscal 2013 Results IRVING,
More informationINC Research/inVentiv Health Reports Third Quarter 2017 Results
Exhibit 99.1 FOR IMMEDIATE RELEASE INC Research/inVentiv Health Reports Third Quarter Results Highlights Net service revenue of 592.2 million and 1,102.4 million for the three and nine months ended, respectively.
More informationNEWS BULLETIN RE: CLAIRE S STORES, INC.
NEWS BULLETIN RE: CLAIRE S STORES, INC. 2400 WEST CENTRAL ROAD, HOFFMAN ESTATES, ILLINOIS 60192 CLAIRE S STORES, INC. REPORTS FISCAL 2017 THIRD QUARTER RESULTS CHICAGO, December 5, 2017. Claire s Stores,
More informationHEADLINES SANDRIDGE ENERGY, INC. UPDATES SHAREHOLDERS ON OPERATIONS AND REPORTS FINANCIAL RESULTS FOR THIRD QUARTER AND FIRST NINE MONTHS OF 2015
SANDRIDGE ENERGY, INC. UPDATES SHAREHOLDERS ON OPERATIONS AND REPORTS FINANCIAL RESULTS FOR THIRD QUARTER AND FIRST NINE MONTHS OF 2015 Oklahoma City, Oklahoma, November 4, 2015 SandRidge Energy, Inc.
More informationClarus Reports Record Third Quarter 2018 Results and Increases Full-Year Adjusted EBITDA Margin Outlook
November 5, 2018 Clarus Reports Record Third Quarter 2018 Results and Increases Full-Year Adjusted EBITDA Margin Outlook Sales up 22% to a Q3 Record $55.7 Million With Gross Margin up 230 Basis Points
More informationNEIMAN MARCUS GROUP LTD LLC REPORTS FOURTH QUARTER AND FISCAL YEAR 2015 RESULTS
FOR IMMEDIATE RELEASE CONTACT: Stacie Shirley Senior Vice President Finance and Treasurer (214) 757-2967 Mark Anderson Director Finance (214) 757-2934 NEIMAN MARCUS GROUP LTD LLC REPORTS FOURTH QUARTER
More informationAFFINION GROUP HOLDINGS, INC
More information: Torrey Martin SVP, Communications and Corporate Development 203.956.8746 tmartin@affiniongroup.com AFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED
More informationParty City Announces First Quarter Fiscal 2015 Financial Results
Party City Announces First Quarter Fiscal 2015 Financial Results First quarter total revenues increased 6.7% to $462 million Brand comparable sales increased 5.2% Adjusted diluted loss per share of $0.03
More informationServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (Unaudited)
Condensed Consolidated Statements of Operations (in thousands, except share and per share data) Revenues: Subscription $ 179,907 $ 117,375 Professional services and other 32,057 21,715 Total revenues 211,964
More informationSPROUTS FARMERS MARKET, INC.
SPROUTS FARMERS MARKET, INC. FORM 424B7 (Prospectus filed pursuant to Rule 424(b)(7)) Filed 08/13/14 Address 11811 N. TATUM BOULEVARD SUITE 2400 PHOENIX, AZ 85028 Telephone 480-814-8016 CIK 0001575515
More informationGlobus Medical Reports Second Quarter 2016 Results
Globus Medical Reports Second Quarter Results AUDUBON, Pa., July 26, (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal implant manufacturer, today announced its financial
More informationPlanet Fitness, Inc. Announces Second Quarter 2017 Results
NEWS RELEASE Planet Fitness, Inc. Announces Second Quarter 2017 Results 8/9/2017 Total Revenue Increased 17.3% to $107.3 Million System-Wide Same Stores Sales Increased 9.0% 37 New Planet Fitness Stores
More informationNoodles & Company Announces Fourth Quarter and Fiscal Year 2014 Financial Results
February 19, 2015 Noodles & Company Announces Fourth Quarter and Fiscal Year 2014 Financial Results BROOMFIELD, Colo., Feb. 19, 2015 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq:NDLS) today announced
More informationStein Mart, Inc. Reports Fourth Quarter and Fiscal 2018 Results
Stein Mart, Inc. Reports Fourth Quarter and Fiscal 2018 Results March 13, 2019 Provides 2019 Outlook FY2018 gross profit increased 180 basis points FY2018 SG&A expenses decreased $28.1 million income improved
More informationDecember 4, Business Unit Performance. Facilities Maintenance
HD Supply Holdings, Inc. Announces Fiscal Third-Quarter Results, Raises Full-Year Guidance Midpoint and Announces an Additional $500 million Share Repurchase Authorization December 4, ATLANTA, Dec. 04,
More informationRITE AID CORPORATION AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS (Dollars in thousands) (unaudited)
CONSOLIDATED BALANCE SHEETS (Dollars in thousands) March 3, 2018 ASSETS Current assets: Cash and cash equivalents $ 410,043 $ 447,334 Accounts receivable, net 1,717,830 1,869,100 Inventories, net of LIFO
More informationTuesday Morning Corporation Announces Fourth Quarter and Fiscal 2016 Results
August 19, 2016 Tuesday Morning Corporation Announces Fourth Quarter and Fiscal 2016 Results DALLAS, Aug. 19, 2016 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ:TUES), a leading off-price retailer
More informationDel Taco Restaurants, Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2017 Financial Results
NEWS RELEASE Del Taco Restaurants, Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2017 Financial Results 3/14/2018 System-wide comparable restaurant sales growth of 2.4% in Fiscal Fourth Quarter Announces
More informationMilacron Holdings Corp. Reports Third Quarter 2018 Results. Margin expansion and increased cash flow generation highlight solid third quarter
Milacron Holdings Corp. Reports Third Quarter 2018 Results Margin expansion and increased cash flow generation highlight solid third quarter 2018 Third Quarter Overview Sales of $308.3 million decreased
More informationFebruary 11, Whole Foods Market, Inc. (NASDAQ: WFM) today reported results for the 16-week first quarter ended January 18, 2015.
Whole Foods Market Delivers Record Q1 Sales and EPS Comparable Store Sales Increase 4.5%, Accelerating on a One- and Two-Year Basis due Primarily to Traffic Growth; Sales Increase 10% to Record $4.7 billion;
More informationAFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2017 GLOBAL LOYALTY REVENUE INCREASES 39% YEAR OVER YEAR
More information: Torrey Martin SVP, Communications and Corporate Development 203.956.8746 tmartin@affiniongroup.com AFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE SECOND QUARTER ENDED JUNE 30,
More informationDecember 31, 2018 % Chg. December 31, 2017 (as adjusted) 1 (as adjusted) 1
One Penn Plaza, Suite 2832 New York, NY 10119 www.presidio.com Presidio, Inc. Reports Second Quarter Fiscal 2019 Results Record Quarterly Revenue, up 18.3% year over year Strong Quarterly Growth in GAAP
More informationBuilders FirstSource Reports Fourth Quarter and Full Year 2018 Results
Builders FirstSource Reports Fourth Quarter and Full Year 2018 Results February 28, 2019 Disciplined execution and ongoing initiatives result in record profit, strong cash flow and significant debt reduction
More informationQuinStreet Reports $108M Quarterly Revenue, 19% Growth and 22% Adjusted EBITDA Margin
QuinStreet Reports $108M Quarterly Revenue, 19% Growth and 22% Adjusted EBITDA Margin FOSTER CITY, Calif., May 4, 2011 (GLOBE NEWSWIRE) -- QuinStreet, Inc. (Nasdaq:QNST), a leader in vertical marketing
More informationON Semiconductor Reports Fourth Quarter and 2008 Annual Results and Announces Additional Wafer-Fab Closure
Anne Spitza Ken Rizvi Corporate Communications Corporate Development, Treasury & Investor Relations ON Semiconductor ON Semiconductor (602) 244-6398 (602) 244-3437 anne.spitza@onsemi.com ken.rizvi@onsemi.com
More informationRITE AID CORPORATION AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS (Dollars in thousands) (unaudited)
CONSOLIDATED BALANCE SHEETS (Dollars in thousands) March 3, 2018 ASSETS Current assets: Cash and cash equivalents $ 147,092 $ 447,334 Accounts receivable, net 1,908,955 1,869,100 Inventories, net of LIFO
More informationDigital River, Inc. Second Quarter Results (Unaudited, in thousands) Subject to reclassification
(Unaudited, in thousands) Condensed Consolidated Balance Sheets As of December 31, 2008 2007 Assets: Current assets Cash and cash equivalents $ 276,927 $ 381,788 Short-term investments 201,297 315,636
More informationPlanet Fitness, Inc. Announces Fourth Quarter and Fiscal Year 2017 Results
NEWS RELEASE Planet Fitness, Inc. Announces Fourth Quarter and Fiscal Year 2017 Results 2/22/2018 Fourth Quarter System-Wide Same Store Sales Increased 11.6% 210 New Planet Fitness Stores Opened System
More informationOoma Reports Fourth Quarter and Fiscal Year 2018 Financial Results
NEWS RELEASE Ooma Reports Fourth Quarter and Fiscal Year 2018 Financial Results 3/6/2018 SUNNYVALE, Calif., March 06, 2018 (GLOBE NEWSWIRE) -- Ooma, Inc. (NYSE:OOMA), a smart communications platform for
More informationFOR IMMEDIATE RELEASE. Investor Contact: Carol DiRaimo, (858) Media Contact: Brian Luscomb, (858)
Investor Contact: Carol DiRaimo, (858) 571-2407 FOR IMMEDIATE RELEASE Media Contact: Brian Luscomb, (858) 571-2291 Jack in the Box Inc. Reports Second Quarter FY Earnings; Updates Guidance for FY ; Declares
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION. Washington, D.C FORM 8-K CURRENT REPORT
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationTwo- Year. Two- Year Q4 ended September 27, 2015 (0.2)% 2.9% (0.8)% 0.5% 0.6 % 2.4% Q1 ended January 17, 2016 (1.8)% 2.9% (1.6)% 0.7% (0.2)% 2.
Whole Foods Market Reports First Quarter Results Company Produces Record Sales of $4.8 Billion and Delivers EPS of $0.46; Raises EPS Outlook for the Fiscal Year February 10,. Whole Foods Market, Inc. (NASDAQ:
More informationWestRock Reports Solid Results in Fiscal 2017 First Quarter
WestRock Reports Solid Results in Fiscal 2017 First Quarter NORCROSS, Ga., January 24, 2017 (GLOBE NEWSWIRE) -- WestRock Company (WestRock) (NYSE:WRK), a leading provider of differentiated paper and packaging
More informationfrancesca s Reports Third Quarter Fiscal Year 2017 Financial Results
francesca s Reports Third Quarter Fiscal Year 2017 Financial Results December 5, 2017 Net sales, comparable sales and diluted earnings per share were within guidance range Net sales decreased 11% to $105.8
More informationSailPoint Announces Second Quarter 2018 Financial Results
Exhibit 99.1 SailPoint Announces Second Quarter 2018 Financial Results Q2 total revenue of $54.6 million, up 39% year-over-year Subscription revenue up by 53% year-over-year AUSTIN, August 8, 2018 SailPoint
More informationRITE AID CORPORATION AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS (Dollars in thousands) (unaudited)
CONSOLIDATED BALANCE SHEETS (Dollars in thousands) March 3, 2018 ASSETS Current assets: Cash and cash equivalents $ 132,468 $ 447,334 Accounts receivable, net 2,039,605 1,869,100 Inventories, net of LIFO
More informationTopBuild Reports Strong Second Quarter 2018 Results
NYSE:BLD The leading purchaser, installer and distributor of insulation products to the U.S. construction industry TopBuild Reports Strong Second Quarter 2018 Results Net Sales Increased 27.7% $0.76 Income
More informationDel Taco Restaurants, Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationWhole Foods Market Reports Fourth Quarter and Fiscal Year 2016 Results
NEWS RELEASE Whole Foods Market Reports Fourth Quarter and Fiscal Year Results 11/2/ Company Produces Record Sales of $3.5 Billion and Delivers EPS of $0.28; Increases Quarterly Dividend and Provides Targets
More informationVISHAY INTERTECHNOLOGY, INC. Summary of Operations (Unaudited - In thousands, except per share amounts)
Summary of Operations (Unaudited - In thousands, except per share amounts) Fiscal quarters ended June 30, 2018 March 31, 2018 July 1, 2017* Net revenues $ 761,030 $ 716,795 $ 643,164 Costs of products
More informationGOLDEN ENTERTAINMENT REPORTS 2018 THIRD QUARTER RESULTS
GOLDEN ENTERTAINMENT REPORTS 2018 THIRD QUARTER RESULTS Third Quarter Highlights: - Strong Laughlin and Las Vegas Locals Property Performance - Stratosphere Renovations and Capital Plan on Schedule and
More informationHD Supply Holdings, Inc. Announces Fiscal 2017 Full-Year and Fourth-Quarter Results
HD Supply Holdings, Inc. Announces Fiscal Full-Year and Fourth-Quarter Results March 13, ATLANTA, March 13, (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (NASDAQ:HDS), one of the largest industrial distributors
More informationHealthEquity Reports Third Quarter Ended October 31, 2017 Financial Results
HealthEquity Reports Third Quarter Ended 2017 Financial Results Highlights of the third quarter include: Revenue of $56.8 million, an increase of 31% compared to Q3 FY17. Net income of $10.5 million, an
More informationIntermolecular Announces Third Quarter 2017 Financial Results
Intermolecular Announces Third Quarter 2017 Financial Results SAN JOSE, Calif., November 2, 2017 -- Intermolecular, Inc. (NASDAQ: IMI) today reported results for its Third Quarter ended September 30, 2017.
More informationTMS International Corp. Reports Fourth Quarter. and Fiscal Year 2012 Results
TMS International Corp. Reports Fourth Quarter and Fiscal Year 2012 Results PITTSBURGH, PA, February 14, 2013 TMS International Corp. (NYSE: TMS), the parent company of Tube City IMS Corporation, a leading
More informationStitch Fix Announces Third Quarter Fiscal 2018 Financial Results
Stitch Fix Announces Third Quarter Fiscal 2018 Financial Results SAN FRANCISCO, Jun. 07, 2018 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, has released
More informationClarus Reports Record Second Quarter 2018 Results and Raises Full-Year Outlook
August 6, 2018 Clarus Reports Record Second Quarter 2018 Results and Raises Full-Year Outlook Sales up 50% to a Q2 Record $45.9 Million With Gross Margin up 510 Basis Points to 34.6% 2018 Sales to Now
More informationAFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2017 GLOBAL LOYALTY REVENUE INCREASES 36% YEAR OVER YEAR
More information: Torrey Martin SVP, Communications and Corporate Development 203.956.8746 tmartin@affiniongroup.com ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2017 GLOBAL LOYALTY REVENUE
More informationTRI Pointe Group, Inc. Reports 2017 Second Quarter Results and Announces Increase to Its Stock Repurchase Program
NEWS RELEASE TRI Pointe Group, Inc. Reports 2017 Second Quarter Results and Announces Increase to Its Stock Repurchase Program 7/26/2017 -New Home Orders up 15% Year-Over-Year on a 6% Increase in Average
More informationGlobus Medical Reports 2014 First Quarter Results
Globus Medical Reports First Quarter Results AUDUBON, PA, April 29, : Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal implant manufacturer, today announced its financial results for the first
More information$ 431,923 $ 208,042 $ 223, % $ 637,022 $ 345,704 $ 291, % 68 % 68 % - % 67 % 66 % 1 %
Three Months Ended June 30, Period-to-Period Change Six Months Ended June 30, Period-to-Period Change 2018 2017 $ % 2018 2017 $ % Revenue $ 632,369 $ 306,683 $ 325,686 106 % $ 945,548 $ 522,914 $ 422,634
More informationVISHAY INTERTECHNOLOGY, INC. Summary of Operations (Unaudited - In thousands, except per share amounts)
Summary of Operations (Unaudited - In thousands, except per share amounts) December 31, 2018 December 31, 2017* Net revenues $ 3,034,689 $ 2,599,368 Costs of products sold 2,146,165 1,896,259 Gross profit
More informationAFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2015 REPORTS $75
More information: Torrey Martin SVP, Communications and Corporate Development 203.956.8746 tmartin@affiniongroup.com AFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER
More informationZscaler Reports Third Quarter Fiscal 2018 Financial Results
Zscaler Reports Third Quarter Fiscal 2018 Financial Results Revenue grows 49% year over year to $49.2 million Calculated billings grow 73% year over year to $54.7 million Deferred revenue grows 61% year
More informationHD Supply Holdings, Inc. Announces Fiscal 2018 Full-Year and Fourth-Quarter Results
Investor Contact: Charlotte McLaughlin HD Supply Investor Relations 770-852-9100 InvestorRelations@hdsupply.com Media Contact: Quiana Pinckney, APR HD Supply Public Relations 770-852-9057 Quiana.Pinckney@hdsupply.com
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION. Washington, D.C FORM 8-K CURRENT REPORT
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationEnova International, Inc. Selected Historical Data (Unaudited) (In thousands, except per share data)
Selected Historical Data (Unaudited) (In thousands, except per share data) Statement of Income Data: Revenue $ 165,676 $ 146,280 $ 165,227 $ 175,417 $ 652,600 $ 174,653 $ 172,535 $ 195,943 $ 202,438 $
More informationLSC COMMUNICATIONS REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS, ISSUES FULL-YEAR 2018 GUIDANCE AND ANNOUNCES SHARE REPURCHASE AUTHORIZATION
LSC COMMUNICATIONS REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS, ISSUES FULL-YEAR 2018 GUIDANCE AND ANNOUNCES SHARE REPURCHASE AUTHORIZATION Chicago, February 22, 2018 (NYSE: LKSD) today reported
More informationFox Factory Holding Corp. Announces First Quarter 2017 Financial Results
May 3, 2017 Fox Factory Holding Corp. Announces First Quarter 2017 Financial Results First Quarter 2017 Sales Increased 32.6% to $106.3 Million and Exceeded Company Guidance Gross Margin Increased 40 Basis
More informationWeb.com Reports Fourth Quarter and Full Year 2009 Financial Results
Web.com Reports Fourth Quarter and Full Year 2009 Financial Results JACKSONVILLE, Fla., Feb. 9, 2010 (GLOBE NEWSWIRE) -- Web.com Group, Inc. (Nasdaq:WWWW), a leading provider of online marketing for small
More informationKforce Reports Fourth Quarter and Full Year 2011 Results
Kforce Reports Fourth Quarter and Full Year 2011 Results Fourth Quarter Revenues of $285.6 Million and EPS of $0.20 Flex Revenues Per Billing Day Increased 4.2% Sequentially Total 2011 Revenue and EPS
More informationEl Pollo Loco Holdings, Inc. Announces First Quarter 2015 Financial Results
May 14, 2015 El Pollo Loco Holdings, Inc. Announces First Quarter 2015 Financial Results COSTA MESA, Calif., May 14, 2015 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq:LOCO) today announced
More informationFive Star Quality Care, Inc. Announces Third Quarter 2016 Results
November 3, 2016 Five Star Quality Care, Inc. Announces Third Quarter 2016 Results NEWTON, Mass.--(BUSINESS WIRE)-- Five Star Quality Care, Inc. (Nasdaq: FVE) today announced its financial results for
More informationDuring the year, the Company achieved a number of milestones in executing its growth strategy:
Party City Announces Fourth Quarter and Full Year 2015 Results Revenue increase of 4% 1 on a constant currency basis to a record $2.29 billion for fiscal year 2015 Adjusted Net Income increase of 32% in
More informationAFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2015 ACHIEVES FULL YEAR ADJUSTED EBITDA OF $268
More information: Torrey Martin SVP, Communications and Corporate Development 203.956.8746 tmartin@affiniongroup.com AFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED
More informationBeacon Roofing Supply Reports Fourth Quarter and Fiscal Year 2017 Results
November 20, 2017 Beacon Roofing Supply Reports Fourth Quarter and Fiscal Year 2017 Results Record fourth quarter net sales of $1.3 billion (9.8% growth year-over-year) Fourth quarter EPS of $0.73 ($0.93
More informationFormFactor, Inc. Reports Strong Fourth Quarter and Full Year 2017 Results
February 7, 2018 FormFactor, Inc. Reports Strong Fourth Quarter and Full Year Results Company anticipates continued growth and market share gains in 2018 LIVERMORE, Calif., Feb. 07, 2018 (GLOBE NEWSWIRE)
More informationBlue Apron Holdings, Inc. Reports Third Quarter 2017 Results
Key Highlights: Blue Apron Holdings, Inc. Reports Third Quarter 2017 Results Net revenue increased 3% year-over-year while marketing spend decreased 31%. Reiterated net revenue and adjusted EBITDA outlook
More informationPacific Ethanol Reports First Quarter 2018 Results
May 8, 2018 Pacific Ethanol Reports First Quarter 2018 Results SACRAMENTO, Calif., May 08, 2018 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ:PEIX), a leading producer and marketer of low-carbon renewable
More informationReceivables 212, ,296 Less allowance for doubtful receivables 4,408 4,407 Net receivables 208, ,889
CONSOLIDATED BALANCE SHEETS (Amounts in thousands) March 31, December 31, ASSETS 2017 2016 Current assets: Cash and cash equivalents $ 14,759 19,297 Receivables 212,585 184,296 Less allowance for doubtful
More informationAEO Reports Record Fourth Quarter and Annual Revenue; Fourth Quarter EPS of $0.43; Annual EPS of $ %
NEWS RELEASE AEO Reports Record Fourth Quarter and Annual Revenue; Fourth Quarter EPS of $0.43; Annual EPS of $1.47 +30% 3/6/2019 Fourth Quarter Comparable Sales Rose 6%, Marking 16 Straight Quarters of
More informationWheeler Real Estate Investment Trust, Inc. Announces 2017 First Quarter Financial Results
May 1, 2017 Wheeler Real Estate Investment Trust, Inc. Announces 2017 First Quarter Financial Results Reconciliation of non-gaap financial measures, including FFO, Adjusted FFO, Property NOI, EBITDA and
More information